Topic: BTC Sentiment Poll for August - page 3. (Read 606 times)

Usually August is just a normal Month with no major movement as this is considered as ghost Month so we can’t see big investors coming in to this market until August is here. I expect nothing big for this Month, let’s just hope that the price will stay above the support level so we can have a huge chance for a pump next Month, September might be a better Month for the cryptomarket, let’s wait for more updates in the market.

They will definitely be anxious if they do it for the short term because the fluctuations will move quickly and it will disturb them mentally.
But for long-term investment, it would be best to have no anxiety and already determine to take profit at the highest price increase.

and now buying a lot at a low price is still very much worth it.
We'll see by the end of the year, but August and September were full of negative trends.

Whether or not the increase is the same depends on how dominant Bitcoin is.
Sometimes Bitcoin just rallies on its own without Altcoin.
it is based on Bitcoin's increasing dominance while Altcoin or ETH decreases.

But if bitcoin dominance is reduced and more likely to stabilize (although high) it can trigger an altcoin increase or recovery.
We will wait for Bitcoin season and Altcoin Season, it will be an exciting and profitable day.

Are people anxious for the short term? Not annual investments.
Yes it's obvious from them seeing the price go down because they want to be able to buy more from the low price, I'm a bit analytical that the market will work its way down later this year.

It's possible that the rise of ETH and BTC will be the same, but we know that's not certain.
Yes, usually the altcoin season starts with bitcoin and then altcoins follow.

And everyone will eventually get restless, but for those who expect prices to continue to fall to buy cheaper, just see how the market will work.

Being in the top altcoins like Ethereum certainly hopes that it will experience a joint rise like Bitcoin.
But there is no guarantee the Altcoin bullish season will happen before Bitcoin makes its move.

The locomotive seems to be on hold and is still full of empty cars, it must be filled for the journey to continue.
Bitcoin as the driver must warn them when it wants to continue the journey at a higher level.

If I were to make this comment when this thread was created, I could have said a totally different thing, as the current market conditions have made me rethink my prediction.

The month of August has already started with a downward move, which we have already seen go below 29,000, which is in the range of $28,800–28,900. which to me is not really a good one; I still can't get the main reason for the market's fall, but either way, I still see hope for the market to recover, but we will definitely see 27,800 before that could happen, and it sitting below 28,000 is something I don't see happening. Before the end of August, it should be in the range of $29,000–$30,000.

Desires are one thing, but reality is something else - and what is happening now has already been seen many times, and I remember it well because I am practically reading the same things that I have read many times in the past. The difference, of course, is in the numbers, that is, in the price of Bitcoin. It's strange that anyone expects something like that to happen before the halving, as if the past doesn't suggest that the exact opposite should happen.

In addition, not only some investors in Bitcoin are nervous, but also those who are in altcoins and are waiting for something to happen, and everyone knows that there is only one locomotive that can pull all these wagons forward.

What you say is true, those who are long-term investors and believe in the potential of bitcoin, they all want bitcoin as cheap as possible because it will be easier to accumulate. But from what I see, not too many people are expecting that, most people just want bitcoin to recover and rally, even many are hoping for the bull season to come early this year. And the market likes to go against the crowd, the more bitcoin predictions and expectations increase, the more bitcoin will move in the opposite direction.

So my prediction is that there won't be any positive movement this month or year-end unless there is some big news.

Yes the past month wasn’t high enough as we expected. Still Bitcoins managed to keep the price above 28k usd in the past month. If you ask me then definitely Bitcoin didn’t do bad, but it didn’t do well also. Nevertheless we know next year it will be big for Bitcoins, so yes we have to accumulate the coins now in order to make good profits during the bull run. I don’t have any high expectations from August, but assuming that the price will at least cross 32k usd. September will definitely be big according to my assumptions.

It seems to me personally that we should not expect too much influence from the bulls until the end of this year, and possibly in the first months of next year, because it should be borne in mind that all those who invest in Bitcoin currently want to keep the price as low as possible. The accumulation phase is still ongoing, and the only factor that can disrupt this situation is the possibility that the spot BTC ETF will be approved in the US before the final deadline, which is sometime at the beginning of next year.

Misleading or not it depends on how well you digest the table. The cycle written in the table is indeed the performance of Bitcoin in one month, each monthly candle closure will be recorded whether it goes down or even up. So I don't think there is anything misleading.

The opportunity for bearish does look bigger, and seeing now the negative sentiment towards Bitcoin is quite a lot.
August is the bearish starter and September might be the deep of the bearish of 2023.

Hopefully, after the early bear market is passed by Bitcoin, October can be a bullrun month like in the October table which is always bullish since 2019.

Bitcoin has been in an area for the past few months and has tried to build momentum many times and those moves have failed. In the area that Bitcoin is in now, we may see a healthy correction before the next uptrend. Now anything can happen because Bitcoin can go in any direction. The condition of the traditional market is also not good which will affect the price of Bitcoin as we have already seen the effect of the traditional market on Bitcoin as well. Whale traders don't move toward the next big move without increasing their position.

There was positive momentum in the market at the beginning of the year, which was comforting to Bitcoin investors and they expected to see more big moves but Bitcoin failed to break the strong resistance. Hopefully after a correction Bitcoin will regain positive momentum later this year.

For me we could be trading sideways again, as we can see we can't even break $30k again, which should be the support. However, this early, it remains as the resistance.

But if I'm wrong and then we see in the next couple of weeks that we can jump in again and reach at least $31k, then it's good for the market. However, we need a positive news before the bulls takes over the market again this month.

The positive momentum has really been there throughout this year. Bitcoin has done x2 since January. But still, there have been no serious corrections in these seven months yet. Without corrections, the price cannot move upwards. There have been several attempts to break the resistance around 32k, but so far it hasn't happened. I don't know what will happen in August with the price, but I expect a correction in the near future.

Interesting, I assume it won't because it has been like this for a while and usually during this period whenever it goes down, it then bounces back up, not a lot, but a bit above 30k, could be maximum 32k, nothing more than that. I believe that the price would be somewhere around 30-31k levels and that should be good enough.

I can't really say when it will do and how it will do it but I feel like that's what's going to happen. Do not invest according to what I say of course, I am not really responsible for it if you do. I just "feel like it", so I do not know anything. If you look at the past 3 months, you will see that it goes under 30k and then goes above 30k and that's how it goes so far and I think that may do again.

It seems that August was a positive month only in the years after the halving, (2013, 2017, 2021), and mostly negative in the other years. It is possible that this trend will continue this year, which means that we could expect the price to drop, although it is impossible to predict whether it will be only a few percent or something more serious.

Anyway, it seems to me that the chances of sliding down are slightly higher than any significant progress in the next 2-3 months.

I also predict that a strong correction in August is unlikely. But if the prediction is long term, meaning from now until the bull run actually happens, then $24k is easily possible. I even believe that another black swan will come and make everything of 2020 repeat. The covid pandemic caused bitcoin to drop from $12k to $4k before the halving, and that could also be repeated with some bad news driving the market down. Of course that could be bad news for the market, or for the world economy, not I'm talking about another pandemic.

Historical data tells us that August and September are not good months. In most years, the color was red compared to blue.
The problem with such tables is that the change is calculated on a monthly basis, meaning that you see the change on a monthly basis, and it may be misleading based on how Bitcoin performed in the past month. you find that the average annual profit and loss is different from the average that is calculated from the top and bottom of the cycle.

It's summer and I find the decline logical, I have an order that is supposed to arrive and some government transactions and almost everyone is on vacation, so calculating that we will be below $31,700.

This time I predict the price will move sideways and tend to go down which indicates that moving up will experience difficulties because price support during July was not that strong. Yesterday the price increased almost past the $29.87k price and lasted only a short time then came back down.

Whatever will happen in August, we can still bear with what will happen because this is only a cycle even though the monthly return table displayed by taufik123 can be an assumption for August the price will stay in the red.

While it's nice to check out monthly progress for Bitcoin. Usually with these sentiments, it's just getting harder based on the news that circulates around. We get some good and decent bad ones.

While the entirety until the bull run comes, I'm all bullish on it. But for this month, it seems that we're going to be sluggish as what the majority in the market seems sluggish as well including Bitcoin.

Well, they can always buy in the middle range during the bull run.

I like when people look out to the monthly, gains losses and movements because thats probably far more important and easier to discern a trend in.   Us scrabbling about during a week trying to decide the direction is quickly looking like nonsense as BTC price action runs rings around us.
  Monthly bars is going to take alot more time and patience to quietly assess its progress, tortoise and the hare fable perhaps   slow progress wins out.  2023 has been a positive year so far but it sure doesn't feel much like it, we're climbing a hill and its a hot day the struggle is real
   The one point I was going to make is that the monthly bar view would fit against something equally gigantic and lumbering like the US dollar index which in some way describes alot of the worlds currency flows because of the global reserve system and each major central bank holding some reserves of the others etc.
   Convoluted as that Forex idea might be I would hope its quite simply observed in that we did fail to break the 100 mark recently to the downside, this would have been a big deal; inversely 100 and lower DXY relates to the recent peak BTC pricing I think.   So in simplest terms do we now have to test the upper boundary or range to DXY and see reaction there.   Lets hope DXY finds a ceiling well below 105 and this then marks off August as either a positive month or a turn around for BTC Pricing in 2023.  I do also think Autumn brings storms and harsher moves.